Global markets started the week cautiously, with Wall Street futures and most of Asia slightly down ahead of central bank meetings.
Key takeaways
Markets are cautious as investors watch elections, central banks, and earnings reports, with Brazil's currency and ETFs affected by political uncertainty.
- Brazil's real and ETFs dropped amid political turmoil following Bolsonaro's refusal to concede.
- Israel's Netanyahu and US midterms are key political events affecting markets.
- Central banks may stay hawkish due to high energy costs, while earnings from tech giants are closely watched.
Summarised automatically by AI from the original article by Free Malaysia Today. AI can make mistakes, so check the original for details.
Markets are betting on interest rate hikes from the central banks of Canada and New Zealand this week, while expecting the US Federal Reserve, Bank of Japan and European Central Bank to hold rates steady. (EPA Images pic)LONDON: It's not been a good start to the week for right-wing politicians, with Brazilian president Luiz Inacio Lula da Silva winning a fourth term and Serbia's Aleksandar Vucic losing to a student-led protest movement.
The Brazilian real is yet to trade, though a Brazilian ETF traded in Tokyo has shed almost 15%, reversing gains made when Senator Flavio Bolsonaro led in the first round of voting. Bolsonaro later refused to concede defeat, saying he would challenge the result.
